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Hunter Boyd who just turned 32, expects to retire in 35 years when he turns 67. Mr. Boyd just passed Idaho’s Licensed Plumbers LP exam, allowing him to bid on plumbing projects having a total cost less than $25,000. Mr. Boyd expects to earn $55,000 next year during his first year as an LP. The Northwest Economic Development Consortium expects yearly earnings for licensed plumbers to grow 4.5 percent per year over the next 35 years. Mr. Boyd plans to save for retirement by depositing 10 percent of his yearly income at the end of each year in a retirement savings account. Mr. Boyd expects to earn a yearly return on his retirement savings of 9.2 percent over the next 55 years. Mr. Boyd’s life expectancy is 55 years, allowing him to enjoy a 20-year retirement period, with yearly withdrawals from the retirement account at the end of each of the 20 years following his retirement at age 67. Mr. Boyd requires a yearly retirement income stream having constant purchasing power during each year of retirement, so that the dollar amount of his retirement income must increase each year at the rate of inflation. Assuming that inflation is expected to be 3.7 percent per year, determine the maximum initial retirement income that Mr. Boyd can withdraw from the retirement account at the end of his first year in retirement.
A $200,000, 30 year, monthly payment mortgage has in interest rate of 4.5% plus two points. What is the lender’s yield if the loan is amortized over the full 30 years?
The D.J. Masson Corporation needs to raise $600,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 1/10, net 90, and it currently pays on the 10th day and takes discounts. However, it could forgo disco..
q1amanda white has started a domestic cleaning business spotless view cleaning svc. she started the business on 1st may
A bond has a par value of $1,000, a time to maturity of 20 years, and a coupon rate of 7.20% with interest paid annually. If the current market price is $720, what will be the approximate capital gain of this bond over the next year if its yield to m..
Determine the value of a $1,000 denomination Fulton bond as of April 15, 2010 to an investor who holds the bond until maturity and whose required rate of return is
What would be the net cash flow from above activities? Dividend income received by a corporation. Which of the following as a business entity pays federal income tax?
What is the standard deviation of returns on the following two asset portfolio?
If the center takes out a 5-year term loan that would be repaid in equal annual installments, how much will it owe to Bank South if Gary decides to pay off the loan early at the end of third year. Amount borrowed 250, 0000 and rate 8.06
When investing in common stocks, market participants aim to purchase stocks that are undervalued. The discounted dividend model (DDM) is one of several approaches to determine if a stock in undervalued or overvalued. Both the zero growth and constant..
Compute the ‘fair’ value of the two nearest to expiration futures contracts on the S&P500 Index (SPX) using SPX as the underlying asset. What interest rate and dividend yield did you use?
You are planning to borrow $100,000 for a major purchase, to be repaid in equal monthly instalments over the next ten years. If interest rates are 13% per annum (compounded monthly), how much should each instalment be, if paid at the end of the month..
The stock of Alpha Company has an expected return of 16.25% and a beta of 1.35, and Gamma Company stock has an expected return of 10.50% and a beta of X. The beta of a portfolio P is 1.05. The portfolio P consists of 40% of the investment in Alpha an..
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